The Swiss Franc has been depreciating against the Japanese Yen during the past one month. The currency pair has declined by about 2.11% in value since July 1.
Most likely, the exchange rate might continue to edge lower during the following trading sessions. The potential target for the pair will be near a support level formed by a swing low at 107.50.
On the other hand, the currency exchange rate might reverse from the current price level at 108.28 and aim for a resistance cluster formed by the 50-, 100– and 200-hour SMAs at 109.53 during next week’s trading sessions.
